Citigroup to open IT centre in Belfast

Citigroup to open IT centre in Belfast

US financial services firm Citigroup is opening a technology centre in Belfast, Northern Ireland, which will create up to 375 jobs.

The project is being supported by regional economic development agency Invest Northern Ireland which is contributing more than £7 million towards the investment.

Invest NI says the IT centre will contribute some £65 million to the local economy over the first five years.

Leslie Morrison, chief executive of Invest NI, comments: "The establishment of a technology centre of excellence fits very well with Invest Northern Ireland's focus on developing the software and financial services sectors and encouraging R&D and application development activities," says Morrison.

Commenting on the move, Bill Mills, CEO of Citigroup's global corporate and investment bank in EMEA, says: "Citigroup has ambitious growth plans which depend on developing the technology platforms supporting each of our business areas.

"The Belfast Centre will play a significant role in this, enhancing our cost competitive position and offering us the opportunity to grow resource levels quickly."

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